Why Motor Dealers Choose TrustSoft for Trust Account Management
Managing client funds, vehicle sales deposits, and finance transactions securely and compliantly is crucial for motor dealers across Australia. TrustSoft is purpose-built to meet the complex trust and escrow accounting needs of motor dealers, helping you streamline your financial management while ensuring full compliance with Australian and international regulations.
With TrustSoft, motor dealers can:
- Maintain full control over client deposits and trust funds with statutory trust accounts linked to your bank
- Ensure compliance with Australian trust accounting laws and motor dealer regulations
- Automate transaction recording, reconciliation, and reporting to reduce errors and save time
- Generate audit-ready reports instantly for transparency and regulatory compliance
- Access dedicated Australian-based support for timely expert assistance
About TrustSoft: Designed Specifically for Motor Dealers
About TrustSoft: Designed Specifically for Motor Dealers
TrustSoft was developed in Australia by IT and accounting professionals with deep knowledge of trust accounting and motor dealer industry requirements. Generic accounting software often lacks the features and compliance controls needed by motor dealers managing trust funds and complex transactions.
Our software platform offers:
- Tailored trust accounting workflows for motor dealers
- Compliance with statutory trust account regulations and motor dealer licensing requirements
- User-friendly interface designed for motor dealership operations
- Integrated AML/CTF compliance tools*
- Robust reporting and audit trail capabilities
TrustSoft empowers motor dealers to confidently manage client funds, ensuring accuracy, compliance, and operational efficiency.
TrustSoft AML CTF Solution
We developed TrustSoft AML/CTF solution suited to you where:
- Risk Assessments can be conducted within TrustSoft to address industry specific risks
- Access to draft Policy document
- AML CTF Program with Part A and Part B
- Self-paced online training with assessments and certification
- Customer Due Diligence (Simplified and Enhanced)
- AUSTRAC reporting area
Key Features for Motor Dealers
Trust Account Management
State-specific compliance for NSW, VIC, QLD – Track buyer deposits, refunds, and vehicle payments with auto-allocations to meet Fair Trading requirements.
Automated Bank Reconciliation
Reconcile your trust account by Syncing with 50+ Australian banks for automatic bank feeds or upload .csv files. Flag discrepancies instantly to prevent audit penalties
Compliance Reporting
State-specific compliance for NSW, VIC, QLD – Track buyer deposits, refunds, and vehicle payments with auto-allocations to meet Fair Trading requirements.
Vehicle & Asset Tracking
Manage mixed-use portfolios: Track shopping centres (retail + strata), serviced offices (per-desk billing), venue hire (event-based trusts), and commercial offices in one platform
Integrations
State-specific compliance for NSW, VIC, QLD – Track buyer deposits, refunds, and vehicle payments with auto-allocations to meet Fair Trading requirements.
Contract Management
Manage contracts and variations and other supporting docs
Simple and Transparent Multi-Tier Pricing
Professional Trust
Monthly
This plan includes:
- 1 Trust
- Bank Feeds via .csv Import
- Up to 2 Users
- Organizations
- Trusts
- Integration for direct Bank Feeds
- Trust Payments & Trust Receipts
- Import Contacts, Suppliers, Beneficiaries
- Dashboard
- .ABA File Management
- Bank Reconciliation
- How to produce reports for auditors
Hybrid Trust Most Popular
Monthly
This plan includes:
- Up to 5 Trusts
- Automatic Bank feeds
- Up to 5 Users
- Organizations
- Trusts
- Integration for direct Bank Feeds
- Trust Payments & Trust Receipts
- Import Contacts, Suppliers, Beneficiaries
- Dashboard
- .ABA File Management
- Bank Reconciliation
- How to produce reports for auditors
Ultimate Trust
Monthly
This plan includes:
- Up To 15 Trusts
- Automatic Bankfeeds
- Up to 15 Users
- Organizations
- Trusts
- Integration for direct Bank Feeds
- Trust Payments & Trust Receipts
- Import Contacts, Suppliers, Beneficiaries
- Dashboard
- .ABA File Management
- Bank Reconciliation
- How to produce reports for auditors
All plans include
- Manage Assets and Sub assets
- Client Statements
- Automated Reports for Auditors
- Streamline State and Industry Regulatory Compliance
- No Hidden Fees
- Generate .aba files
- Integrated with Xero
- Audit trail
- AI agent based chat and phone support
AML/CTF Pro
Yearly
This plan includes:
- Up to 2 Users
- Includes 2,400 Manual Checks
- Includes 60 Online document checks for CDD/KYC
- Includes 5 Online Company Beneficial Ownership Checks with ASIC
- Firm profile and user access
- Risk assessments (products, services, geographies, client types)
- AML/CTF Policy and Program review
- Customer due diligence and KYC based on risk profiles
- Sanctions, PEP and adverse media screening settings
- AUSTRAC reporting templates
- Importing and maintaining client and beneficial owner records
- Updating AML/CTF Policy and Programs
- Managing suspicious activities, thresholds and investigations
- Simplified and Enhanced due diligence process
- Managing sanctions/PEP screening alerts and periodic re-screening
- Tips on how to pass certified training and download individual certificate of completion
AML/CTF High
Yearly
This plan includes:
- Up to 5 Users
- Includes 3,600 Manual Checks
- Includes 100 Online document checks for CDD/KYC
- Includes 7 Online Company Beneficial Ownership Checks with ASIC
- Firm profile and user access
- Risk assessments (products, services, geographies, client types)
- AML/CTF Policy and Program review
- Customer due diligence and KYC based on risk profiles
- Sanctions, PEP and adverse media screening settings
- AUSTRAC reporting templates
- Importing and maintaining client and beneficial owner records
- Updating AML/CTF Policy and Programs
- Managing suspicious activities, thresholds and investigations
- Simplified and Enhanced due diligence process
- Managing sanctions/PEP screening alerts and periodic re-screening
- Tips on how to pass certified training and download individual certificate of completion
AML/CTF Ultimate
Yearly
This plan includes:
- Up to 15 Users
- Includes 7,200 Manual Checks
- Includes 160 Online document checks for CDD/KYC
- Includes 12 Online Company Beneficial Ownership Checks with ASIC
- Firm profile and user access
- Risk assessments (products, services, geographies, client types)
- AML/CTF Policy and Program review
- Customer due diligence and KYC based on risk profiles
- Sanctions, PEP and adverse media screening settings
- AUSTRAC reporting templates
- Importing and maintaining client and beneficial owner records
- Updating AML/CTF Policy and Programs
- Managing suspicious activities, thresholds and investigations
- Simplified and Enhanced due diligence process
- Managing sanctions/PEP screening alerts and periodic re-screening
- Tips on how to pass certified training and download individual certificate of completion
All plans include
- AML/CTF Risk Assessment
- AML/CTF Draft Policy and Version Control
- AML/CTF Program
- Suspicious Matter Reporting
- Threshold Transaction Reporting
- Certified Self Paced Training
Benefits of Using TrustSoft for Motor Dealers
- Increase Operational Efficiency: Streamline trust accounting and focus on growing your dealership.
- Enhance Accuracy: Automated workflows reduce errors and improve financial integrity.
- Build Customer Confidence: Transparent and compliant trust management builds trust with buyers and financiers.
- Stay Fully Compliant: Easily meet all statutory trust account and motor dealer licensing obligations.
- Grow Your Business: Spend more time selling and servicing vehicles while TrustSoft handles accounting.
Join Australia’s Leading Motor Dealers Using TrustSoft
Discover why motor dealers across Australia rely on TrustSoft to manage their trust and escrow accounts securely and compliantly. Join our community and experience the benefits of a purpose-built trust accounting solution tailored for your industry.
Ready to Simplify Your Motor Dealership Trust Accounting?
Request a free demo or start your trial today!
Get started with TrustSoft today!
Blogs
How to Avoid $11k Fines: Motor Dealer Trust Account Compliance in NSW vs. VIC vs. QLD
Trust accounting mistakes can lead to fines of up to $11,000, making compliance essential for real estate agencies. Regulations vary between NSW, VIC, and QLD, with each state having specific rules around reconciliations, record-keeping, and reporting. Many agencies unknowingly breach these requirements due to a lack of understanding, putting their licenses and finances at risk. […]
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